Foreign media: China's state-owned enterprise COFCO has purchased three batches of American soybeans, totaling about 180,000 tons, which is the first time China has purchased American autumn harvest soybeans this year.
Previously, due to trade tariff issues, China reduced its purchases of American soybeans, causing American farmers to lose billions of dollars. This purchase was made ahead of the Sino-US meeting, and although the amount is not large, it is seen as a positive signal.
However, since China has already purchased a large amount of South American soybeans, it is expected that future demand for American soybeans will not increase significantly.
Original article: www.toutiao.com/article/1847308986006540/
Statement: The article represents the views of the author.